This joint statement, issued on 20 October 2021 by 10 European organisations, underscores the crucial role of affordable renewable energy for Europe's energy-intensive industries. Ahead of the European Council Summit, the statement emphasises that the competitiveness of European industry, the realisation of the "Fit for 55" goals, and the 2050 climate neutrality objective hinge on access to abundant, reliable, and affordable decarbonised energy. These industries, employing around 2.6 million people, are central to multiple strategic value chains. Persistently high energy costs pose a significant threat to their production capabilities and global competitiveness, jeopardising post-pandemic recovery and future investments in industrial transformation to meet climate targets. The statement calls on EU leaders to adopt policies that ensure affordable renewable energy and support energy-efficient solutions.
Key takeaways:
- Access to affordable renewable energy is pivotal for Europe's industry competitiveness and climate goals.
- Persistently high energy costs threaten production, competitiveness, and the industry's post-pandemic recovery.
- EU leaders are urged to implement policies ensuring affordable renewable energy and energy-efficient solutions.
